the table above shows the randys shirt short run Tabor worke

the table above shows the randy\'s shirt short run Tabor (workers)-\"Totalproduct(shirtsperday-- 0 20 36 48 56 60 0 2 3 e table above shows Randy\'s Shirts Shor-run productin tunction 0. ures workers at a wage rate of $50 a day and his total fixed cost is What is the marginal product of the 3rd worker? Wh at is Randy\'s average fixed cost if 48 shirts are produced? What is Randy\'s average variable cost if 56 shirts are produced? What is Randy\'s marginal cost of producing the 52nd sweater What i s Kandy\'s average total cost if 48 sweaters are produced?

Solution

48-36=12

100/48=2.08 if fixed cost is 100

4.50/56=3.57

Marginal cost will remain at 50

3.50+100/48=5.21

Note 3.50=3multiplied by 50 and 4.50=4 multiplied by 50